Year :
2009
Title :
Economics
Exam :
WASSCE/WAEC MAY/JUNE
Paper 1 | Objectives
41 - 50 of 50 Questions
| # | Question | Ans |
|---|---|---|
| 41. |
Government expenditure on the construction of roads and bridges is A. recurrent expenditure B. capital expenditure C. supplementary expenditure D. variable expenditure |
B |
| 42. |
Fiscal policy is associated with A. taxation and government expenditure B. re-structuring of the banks C. injection of more money into the economy D. reduction in economic activities |
A |
| 43. |
The need for development planning arises largely from the fact that A. aggregate savings exceeds aggregate consumption B. aggregate consumption equals aggregate savings C. productive resource are in excess of the demand for them D. productive resource are scarce relative to the demand for them |
D |
| 44. |
Economic development is reflected in the A. scarcity of capital B. increase in the price level C. decline in the agricultural production D. increase in productive capacity |
D |
| 45. |
Terms of trade may be define as the A. trade between one country and another B. relationship between country's receipt from others and payment to others C. rate at which a country's export exchange for imports D. different between the value of export and imports |
C |
| 46. |
The terms of trade is described as unfavourable when A. the price of imports rises relative to those of exports B. the price of exports rises relative to those of imports C. the net income from aabroad does not change D. the value of exports exceeds those of imports |
A |
| 47. |
Expenditure by foreign tourist in a country will be recorded as A. visible exports B. official transfers C. transfer income D. divisible exports |
A |
| 48. |
One major aim of a cartel is to A. increase production B. regulate output through quota system C. have a joint account D. share profits equally |
B |
| 49. |
The five countries that established the Organization of Petroleum Exporting Countries (OPEC) are A. Nigeria, Iraq, Venezuela, Kuwait and Ghana B. Saudi Arabia, Kuwait, Sierra Leon, Iran and Iraq C. Algeria, Kuwait, Venezuela, Iran and The Gambia D. Kuwait, Venezuela, Iran Iraq and Saudi Arabia |
D |
| 50. |
The headquarters of the African Development Bank (ADB) was originally located at A. Cotonou B. Harare C. Abidjan D. Lagos |
C |
| 41. |
Government expenditure on the construction of roads and bridges is A. recurrent expenditure B. capital expenditure C. supplementary expenditure D. variable expenditure |
B |
| 42. |
Fiscal policy is associated with A. taxation and government expenditure B. re-structuring of the banks C. injection of more money into the economy D. reduction in economic activities |
A |
| 43. |
The need for development planning arises largely from the fact that A. aggregate savings exceeds aggregate consumption B. aggregate consumption equals aggregate savings C. productive resource are in excess of the demand for them D. productive resource are scarce relative to the demand for them |
D |
| 44. |
Economic development is reflected in the A. scarcity of capital B. increase in the price level C. decline in the agricultural production D. increase in productive capacity |
D |
| 45. |
Terms of trade may be define as the A. trade between one country and another B. relationship between country's receipt from others and payment to others C. rate at which a country's export exchange for imports D. different between the value of export and imports |
C |
| 46. |
The terms of trade is described as unfavourable when A. the price of imports rises relative to those of exports B. the price of exports rises relative to those of imports C. the net income from aabroad does not change D. the value of exports exceeds those of imports |
A |
| 47. |
Expenditure by foreign tourist in a country will be recorded as A. visible exports B. official transfers C. transfer income D. divisible exports |
A |
| 48. |
One major aim of a cartel is to A. increase production B. regulate output through quota system C. have a joint account D. share profits equally |
B |
| 49. |
The five countries that established the Organization of Petroleum Exporting Countries (OPEC) are A. Nigeria, Iraq, Venezuela, Kuwait and Ghana B. Saudi Arabia, Kuwait, Sierra Leon, Iran and Iraq C. Algeria, Kuwait, Venezuela, Iran and The Gambia D. Kuwait, Venezuela, Iran Iraq and Saudi Arabia |
D |
| 50. |
The headquarters of the African Development Bank (ADB) was originally located at A. Cotonou B. Harare C. Abidjan D. Lagos |
C |